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Let’s have a detailed review of the company and analytics of the Reetech International Cargo IPO release date, IPO offer price, subscription, Reetech International Cargo Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face Value Rs 10
Price Band Rs. 105
Listing At BSE SME
Min. Order Quantity 1200 shares
Listing Date Oct 10, 2022
Offer for Sale Rs. 543.06 Lakh
Fresh Issue Rs.627.48 Lakh
IPO Size Rs. 1,170.54 Lakh
Tick Size 1

Reetech International Cargo IPO is listed at a Rs. 95 premium. Check out the live share price by clicking on the below link.

Reetech International Cargo IPO – Summary

The company was incorporated in the year 2008, in the name and style of M R Agriculture Private Limited by the joint efforts of Mr. Mahendra Ahuja and Ms. Roma Ahuja. Company started its operation in the year 2009-10 Initially the Company was engaged in the business of agriculture goods such as Rice Milling, Rice Sorting, DReetech International Cargo IPOal Milling, Dal Processing and Agriculture Products.

The business of trading of Agriculture goods had been operated by the Company successfully in the past. In the year 2020, their promoters commenced business of trading of coal.

In the year 2021, the company changed its name from M R Agriculture Private Limited to Reetech International Cargo and Courier Private Limited. Their Promoters has a vision to look beyond the ordinary; to foresee opportunities; to attain the unattainable; to create in-roads into newer vistas of change and above all, to bridge the demand-supply gap for coal, the world’s fossil fuel.

The Promoter of this company is Mr. Mahendra Ahuja and Ms. Roma Ahuja. The lead manager to the issue is GRETEX CORPORATE SERVICES LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED .

Reetech International Cargo IPO Date

The opening of Reetech International Cargo IPO will be on Sep 27, 2022 and the closing date Sep 29, 2022.

Reetech International Cargo IPO Subscription

Day / Date NII RII Total Subscription
1st Day – 27th Sept 0.02x 0.20x 0.11x
2nd Day – 28th Sept       0.13x 0.39x 0.26x
3rd Day – 29th Sept 1.43x 1.92x 1.67x
Shares Offered or Net Issue 529,200 529,200 1,058,400

The shares subscribed by the public will be updated here.

Reetech International Cargo IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Reetech International Cargo Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization Oct 4, 2022
Refunds Initiation Oct 6, 2022
Credit of Shares to Demat Account Oct 7, 2022
Share Listing Date Oct 10, 2022

Reetech International Cargo IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.105.

Reetech International Cargo IPO Equity Size

This Initial Public Issue of 11,14,800 Equity Shares of Rs.10 each for cash at a price of Rs.105 per equity share aggregating to Rs.1,170.54 Lakh.

Reetech International Cargo IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 10,58,400 Equity Shares of Rs.10. each.

Issue Size: 11,14,800 Equity Shares of Rs.10 each, aggregating to Rs. 1,170.54 Lakh.

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    Reetech International Cargo IPO – Live Performance

    The listing date of this IPO is Oct 10, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Reetech International Cargo Share Price

    Reetech International Cargo IPO Grey Market Premium

    The Reetech International Cargo Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 

    Reetech International Cargo IPO – Company Overview

    Mr. Mahendra Ahuja started as a small trader of coal in 2020, and within a short span of time, Reetech has emerged as one of the recognized suppliers of coal in the state of Chhattisgarh. They are based at Raipur, Chhattisgarh, and their operations are spread across India, with a vide network of Customers.

    Their diversified product portfolio comprises coal from Indonesia, South Africa, Australian and India, among other origins. They supply their products to the customers in various sectors i.e., Power, Steel, Rolling and other industries.

    An effective handling and transportation of the orders is facilitated through Road transportation and Railway. In a very short span of time, their Company has been able to recognize itself as a trusted name in the coal industries due to its commitment to quality and reliability since its inception.

    Their Company is one of the recognised traders of Coal and perform its operations from Gangavaram and other ports.

    Reetech International Cargo IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakh)
    31-Mar-22 31-Mar-21 31-Mar-20
    Total Assets 1727.52 877.78 396.17
    *Total Revenue 11689.1 1842.41 18.99
    Total Expense 11,101.58 1,801.71 0.10
    Profit After Tax 417.29 30.1 13.98

    Earnings per Equity Share (in Lakh)

    31-Mar-22 31-Mar-21 31-Mar-20
    Basic & Diluted 11.50 0.83 0.39


    Further, their PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs. 417.29 Lakh, Rs. 30.1 Lakh, and Rs. 13.98 Lakh, respectively.

    Reetech International Cargo IPO – Promoters

    The Promoter of this company is:

    1. Mr. Mahendra Ahuja
    2. Ms. Roma Ahuja

    List of Related Parties (Key Managerial Personnel)

    • Mr. Mahendra Ahuja, Managing Director
    • Ms. Roma Ahuja, Executive Director
    • Mr. Vijay Kumar Khilnani, Non-Executive Director
    • Mr. Manish Kumar, Independent Director
    • Mr. Mukesh Chandwani, Independent Director
    • Ms. Chhaya Verma, Company Secretary & Compliance Officer
    • Mr. Shakti Sinha, Chief Financial Officer

    Reetech International Cargo IPO – Promoters Holding

    • Pre Issue Share Holding -99.99%
    • Pos Issue Share Holding -73.62%

    Reetech International Cargo IPO Offer Details or Issue Details

     Particulars  No. Of Equity Shares
     Equity Shares Offered  Up to 11,14,800 Equity Shares aggregating up to Rs. 1,170.54 Lakh
    of which:
    Issue Reserved for the Market Makers Up to 56,400 Equity Shares aggregating up to Rs.59.22
    Net Issue to the Public Up to 10,58,400 Equity Shares aggregating up to Rs. 1,111.32
    Of which:
    Retail Investors Portion 5,29,200 Not less than 50%
    Other than Retail Individual Investors 5,29,200 Not more than 50%
     Equity Shares outstanding prior to the Issue 36,29,500 Equity Shares
     Equity Shares outstanding after the Issue 42,27,100 Equity Shares

    Reetech International Cargo IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Working Capital Requirements

    2. General Corporate Purposes.

    Reetech International Cargo IPO – Business Strategy

    • To Start Trading of Other Minerals
    • Leveraging their market skills and relationship
    • To increase brand visibility
    • Cost effectiveness
    • Maintain their focus to strengthen customer relationship
    • Building-up as a Professional Organisation
    • Continue to attract and retain talent

    Reetech International Cargo IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Experience and Track Record
    • Repeat Business
    • Location Advantage
    • Satisfied Chain of Vendors
    • Progressive Employer
    • Experienced Promoters and Management

    The relevant quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)
    31-Mar -22 11.50 52.09 154.51
    31-Mar-21 0.83 8.23
    31-Mar-20 0.39 4.30

    Reetech International Cargo IPO: Competitive Peers

    Face Value (Rs.) P/E EPS  (Rs.) Return on Net Worth (%) Total Income (Rs. in Lakhs)
    Reetech International Cargo Limited 10 9.13 11.50 52.09 11,373.97
    Listed Peers
    Anmol India Limited 10 13.33 13.67 25.74 31,100.00
    Redington (India) Limited 10 8.99 16.40 22.12 62,64,400.00

    Reetech International Cargo IPO Lead Managers

    Lead Managers
    Office No. 13, 1st Floor, New Bansilal Building, Raja Bahadur Mansion, 9-15,
    Homi Modi Street, Fort, Mumbai– 400001, Maharashtra, India.
    Tel No.: +91 22 4002 5273 / 96532 49863
    Email: info@gretexgroup.com
    Website: www.gretexcorporate.com
    Contact Person: Ms. Dimple Magharam Slun
    SEBI Registration No: INM000012177
    CIN: L74999MH2008PLC288128

    Reetech International Cargo IPO Registrar to offer

    Registrar to the Offer
    Office No. S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves
    Road, Next to Ahura Centre. Andheri (East), Mumbai – 400 093Tel. No.: +91 22
    6263 8200
    Investor Grievance Email:investor@bigshareonline.com
    Contact Person: Babu Rapheal
    SEBI Registration No.: INR000001385

    Reetech International Cargo IPO – Other Details

    • Statutory Auditor – GUPTA AGARWAL & ASSOCIATES
    • Legal Counsel to the Company – POOJA SHARMA
    • Bankers to the Company –YES BANK LIMITED

    Reetech International Cargo IPO Review by Stock Brokers

    Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
    Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
    Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
    Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
    ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
    IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
    Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
    Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
    5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
    Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
    Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10


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      Reetech International Cargo Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download

      Reetech International Cargo IPO Review FAQs

      Check out various FAQs related to Reetech International Cargo IPO:

      What is the Issue Size of Reetech International IPO?

      The Company is making an initial public offer of 1,114,800 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.

      What is the Price band of Reetech International IPO?

      The price band for this particular IPO ranges between Rs.105. As far as the face value of the share is of concern, it is Rs.10 per share.

      What is the Reetech International IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 27, 2022, while the closing date is set at Sep 29, 2022.

      What is the Reetech International IPO Allotment Date?

      We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Oct 4, 2022, refund initiation is on Oct 6, 2022, credit of shares is on Oct 7, 2022, and share listing date is on Oct 10, 2022.

      What is the Reetech International IPO Listing Date?

      Shares of this company shall be listed in the exchanges Oct 10, 202 . The date, when the listing would be done, is stagnant on Oct 10, 202.

      Who is the Registrar of Reetech International IPO?

      One of the reputed registrars is managing the issue of this IPO, BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Reetech International IPO?

      Here are the promoters of this IPO – Mr. Mahendra Ahuja and Ms. Roma Ahuja. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is GMP of Reetech International IPO?

      We have obtained the GMP of this IPO and it is Rs.3. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Is Reetech International IPO good for Investment?

      We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Reetech International Cargo Company?

      We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs. 417.29 Lakh, Rs. 30.1 Lakh, and Rs. 13.98 Lakh, respectively.

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